Dominion General Investment Corporation Announces Completion of IPO and Commencement of Trading
(firmenpresse) - TORONTO, ONTARIO -- (Marketwired) -- 03/27/15 -- Dominion General Investment Corporation ("Dominion") (TSX VENTURE: DIC.P), a capital pool company, is pleased to announce that it completed its initial public offering by issuing 2,091,700 common shares at a price of $1.00 per share, for gross proceeds of $2,091,700.
The common shares of Dominion were listed for trading on the TSX Venture Exchange (the "Exchange") under the trading symbol "DIC.P" at the close of business on March 26, 2015 and will commence trading at the opening of the market today (March 27, 2015).
The net proceeds of the offering will be used to provide Dominion with funds with which to identify and evaluate assets or businesses for acquisition with a view to completing a "Qualifying Transaction" under the capital pool company program of the Exchange.
Hampton Securities Limited ("Hampton") acted as agent for the initial public offering. In connection with the offering, Dominion granted Hampton agent''s options to acquire 167,336 common shares at a price of $1.00 per share, and paid Hampton a commission of $167,336 (8% of the gross proceeds of the offering) and a corporate finance fee. The agent''s options may be exercised for a period of 24 months from the date of listing of the common shares on the Exchange.
At the closing of the initial public offering, Dominion also granted incentive stock options to its six officers and directors to acquire a total of 259,170 common shares. The options may be exercised for a period of ten years at a price of $1.00 per share.
At the closing of the offering, there were 2,591,700 common shares issued and outstanding in the capital of Dominion, of which 500,000 have been issued prior to the offering. These shares have been placed in escrow in accordance with the policies of the Exchange.
The information in this news release includes certain information and statements about management''s view of future events, expectations, plans and prospects that constitute forward looking statements. These statements are based upon assumptions that are subject to significant risks and uncertainties. Because of these risks and uncertainties and as a result of a variety of factors, the actual results, expectations, achievements or performance may differ materially from those anticipated and indicated by these forward looking statements. Forward-looking statements in this news release include, but are not limited to, the ability of Dominion to complete a Qualifying Transaction. Any number of factors could cause actual results to differ materially from these forward-looking statements as well as future results. Although Dominion believes that the expectations reflected in forward looking statements are reasonable, it can give no assurances that the expectations of any forward looking statements will prove to be correct. Except as required by law, Dominion disclaims any intention and assumes no obligation to update or revise any forward looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward looking statements or otherwise.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
Mr. Robbie Grossman
Corporate Secretary
Dominion General Investment Corporation
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Datum: 27.03.2015 - 08:36 Uhr
Sprache: Deutsch
News-ID 1347290
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